Saudi Arabia

Expert Voices

Spree of cyberattacks highlights digital vulnerabilities in the Gulf

computer with colored lines beaming in and out
Illustration: Lazaro Gamio/Axios

An increase in cyberattacks across the Persian Gulf has underscored the region's rising geopolitical tensions and cybersecurity vulnerabilities.

The big picture: Government agencies, critical infrastructure and flagship state-owned firms are the prime targets for these cyberattacks, many of which have been linked to Iran or its proxies. While Iran has long threatened to close the Strait of Hormuz during a military conflict, its asymmetric cyber warfare capabilities have become a key means to destabilize competitors and adversaries.

Report: Saudi Aramco selects advisers for its IPO revival

The Saudi Aramco oil field complex facilities at Shaybah in the Rub' al Khali.
The Saudi Aramco oil field complex facilities at Shaybah in the Rub' al Khali. Photo: Reza/Getty Images

Saudi Aramco is selecting advisers to try to move forward on its on-again, off-again, on-again plans for a mammoth IPO, Bloomberg reports.

Why it matters: The listing of a slice of Aramco could be the largest IPO in history, and the proceeds are meant to help fund the kingdom's plans to diversify its crude-dominated economy.